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Foreign Investment in India – Guidelines for calculation of total foreign investment in Indian companies...
  Foreign Investment in India – Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies RBI/2013-14/251 A. P. (DIR Series) Circular No.42 September 12, 2013 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign Investment in India – Guidelines for calculation of totalforeign investment in Indian companies, transfer of ownership and contro...
RBI Clarification on Finance for Housing Schemes – enhancement of limits
  RBI Clarification on Finance for Housing Schemes – enhancement of limits   RBI/2013-14/236 UBD CO BPD (PCB) Cir. No.13/09.22.010/2013-14 September 10, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Finance for Housing Schemes – Primary (Urban) Co-operative Banks – Loans for repairs / additions / alterations – enhancement of limits Please refer to our circular UBD BPD PCB No.31/09.09.01/2002-03 da...
RBI Simplification of Procedure Settlement of Claims of Deceased Depositor
      RBI Simplification of Procedure Settlement of Claims of Deceased Depositor   RBI/2013-14/245 RPCD.CO.RRB.BC.No. 33/03.05.33 /2013-14 September 10, 2013 The Chairmen All Regional Rural Banks Dear Sir/Madam, Settlement of Claims of Deceased Depositor – Simplification of Procedure – Placing of claim forms on bank’s website Please refer to circular RPCD.CO.RRB.BC.22/03.05.33/2005-06 dated July 19, 2005 and wherein simplified procedure has b...
RBI Clarification w.r.t. KYC Procedure under PMLA – Recognising online Aadhaar authentication
  RBI Clarification w.r.t. KYC Procedure under PMLA – Recognising online Aadhaar authentication   RBI/2013-14/242 RPCD.RRB.RCB.AML.BC.No.32/07.51.018/2013-14 September 10, 2013 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 – e-KYC Serv...
RBI Clarification on Cash withdrawal at Point of Sale
  RBI Clarification on Cash withdrawal at Point of Sale   RBI/2013-14/231 DPSS.CO.PD.No.563/02.14.003/2013-14 September 5, 2013 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks /All Card Network Providers Madam / Dear Sir, Cash withdrawal at Point of Sale (POS) – Prepaid Payment Instruments issued by bank...
Non- resident including NRI may acquire shares of a listed Indian company on the stock exchange through a ...
  Non- resident including NRI may acquire shares of a listed Indian company on the stock exchange through a registered broker under FDI scheme   RBI/2013-14/232 A.P. (DIR Series) Circular No. 38 September 6, 2013 To All Category – I Authorised Dealer Banks Madam/ Sir, Purchase of shares on the recognised stock exchanges in accordance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations Attention of Authorised Dealer Category – I (AD Category-I) banks is invited t...
Swap Window for Attracting FCNR (B) Dollar Funds & its salient features
  Swap Window for Attracting FCNR (B) Dollar Funds & its salient features   RBI/2013-2014/234 FMD.MOAG. No.84 /01.06.016/2013-14 September 6, 2013 To All Scheduled Banks [excluding Regional Rural Banks (RRBs)] Dear Sir/ Madam, Swap Window for Attracting FCNR (B) Dollar Funds Please refer to the RBI Press Release 2013-2014/494 dated September 04, 2013 on the captioned subject. 2. It has been decided to introduce a US Dollar-Rupee swap window for fresh FCNR (B) dollar ...
Import of gold under AA/ DFIA would not necessarily be followed by export
  Import of gold under AA/ DFIA would not necessarily be followed by export   Notification No. 40 (RE–2013)/2009-2014 New Delhi, Dated  6th  September, 2013 Subject: Non-insistence on sequencing of import of gold being followed by export of gold jewellery/articles of gold.   S.O.(E) In exercise of powers conferred by Section 5 of the Foreign Trade(Development & Regulation) Act, 1992 (No. 22 of 1992), read with paragraph 2.1 of the Foreign T...
RBI enhances limit of Indian Currency for Resident Individual travelling abroad from Rs. 7,5000 to Rs. 10,...
      RBI enhances limit of Indian Currency for Resident Individual travelling abroad from Rs. 7,5000 to Rs. 10,000 The amount has been enhanced to Rs 10,000 a person compared with Rs 7,500 earlier In a bid to provide greater flexibility to resident individuals travelling abroad  and to attract more foreign exchange inflows in India, the Reserve Bank of India (RBI) on Friday enhanced the limit of Indian rupees any person residing in India can take outside the country or a person who has gone...
Import of Gold and Gold Dore Bars- Procedure and Guidelines
  Import of Gold and Gold Dore Bars- Procedure and Guidelines Circular No.34/2013-Cus DGEP/EOU/G&J/16/2009 Govt. of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Directorate General of ExportPromotion                                           &...

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